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This version of the form is not currently in use and is provided for reference only. Download this version of
IRS Form 8027
for the current year.
IRS Form 8027 Employer's Annual Information Return of Tip Income and Allocated Tips
What Is IRS Form 8027?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8027?
A: IRS Form 8027 is the Employer's Annual Information Return of Tip Income and Allocated Tips.
Q: Who is required to file IRS Form 8027?
A: Restaurants and other businesses where tipping is customary are required to file IRS Form 8027.
Q: What information is reported on IRS Form 8027?
A: IRS Form 8027 is used to report the amount of tip income received by employees and the allocated tips to employees.
Q: When is IRS Form 8027 due?
A: IRS Form 8027 is due on or before February 28 (or March 31 if filed electronically) of the year following the calendar year it covers.
Q: Is IRS Form 8027 filed with the IRS or given to employees?
A: IRS Form 8027 is filed with the IRS. Employees do not receive a copy of this form.
Q: What are allocated tips?
A: Allocated tips are tips that are distributed to employees by the employer based on a formula when employees don't report enough tips to meet the minimum requirement.
Q: Are employers required to allocate tips?
A: Employers are only required to allocate tips if their employees do not report enough tips to meet the minimum requirement.
Q: What is the purpose of IRS Form 8027?
A: The purpose of IRS Form 8027 is to ensure that employers properly report tip income and allocated tips, and to determine if the employer owes any additional taxes.
Q: Failure to file IRS Form 8027 can result in penalties?
A: Yes, failure to file IRS Form 8027 or filing the form with errors may result in penalties being assessed by the IRS.
Form Details:
- A 1-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8027 through the link below or browse more documents in our library of IRS Forms.
